How to Price your Home & Who sets the value of your HOME?
There is a lot of talk about who or how the price is determined for listing a home
The truth is it doesn't really matter how much money you think your home is worth. Nor does it matter what I think or ten other agents. The person whose opinion matters is the buyer who makes an offer. Pricing homes is part art and part science. It involves comparing similar properties, making adjustments for the differences among them, tracking market movements and taking stock of present inventory, all in an attempt to come up with a range of value, an educated opinion. This method is the same way an appraiser evaluates a home. And no two appraisals are ever exactly the same; however, they are generally close to each other. In other words, there is no hard and fast rule to price any home. It's an honest, educated evaluation and the market will dictate the price.
Scott Larson of Towne Square Realty in Monroe, Wisconsin
On the web at greencountyhomeguide.com